Sanctions Evasion Using High-Value Artwork — OFAC’s Art Advisory

April 29, 2021 By: Benoit Beaulieu, ACSS Reporter As of late, unconventional mediums of exchange and stores of value, such as cryptocurrencies, have been a focal point for governments looking to...

OFSI’s New Teeth: Sanctions in the Wake of ‘Brexit’ and Actions Taken by the UK Regulator (So Far)

February 27, 2020 By: Anna Sayre, CSS, Director of Content at ACSS On January 31, 2020, the U.K. Parliament finally cut ties from the E.U. after two years of grueling debates and discussions in...

Recent OFAC Settlements with Non-Financial Companies and Lessons Learned

November 4, 2019 By: Thomas Nollner* A commonly held misconception within the sanctions industry is that Office of Foreign Assets Control (OFAC) sanctions programs only apply to financial...

Wake Up To Sanctions | Second Quarter 2019 – Summer Edition Sanctions Round Up

August 05, 2019 OFAC Publishes New Framework for Compliance Commitments, Naming 5 Essential Components On May 2, 2019, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) published a...

Lessons from the Euroturbine Case: Global Trends and Enhanced Due Diligence Essential to Safeguard Your Business

February 21, 2019 By: Jan Verloop* On February 18, 2019, Euroturbine B.V. (Euroturbine), a Dutch supplier of specialist parts for gas and steam turbines, was fined for the illicit export of...

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Lessons from the Euroturbine Case: Global Trends and Enhanced Due Diligence Essential to Safeguard Your Business

Lessons from the Euroturbine Case: Global Trends and Enhanced Due Diligence Essential to Safeguard Your Business

February 21, 2019 By: Jan Verloop* On February 18, 2019, Euroturbine B.V. (Euroturbine), a Dutch supplier of specialist parts for gas and steam turbines, was fined for the illicit export of so-called ‘dual-use’ items with full knowledge that the...

Wake Up To Sanctions

Wake Up To Sanctions

November 19, 2018 SanctionsAlert.com Sanctions Round Up US Imposes Sanctionson 17 Saudis for Alleged Role in Khashoggi Killing, but Prince Stays Clear On November 15, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)...

Indictment of Lebanese Businessman, Tajideen, Points to Bold Methods of Sanctions Enforcement by DoJ and May Trigger Compliance Headaches for Banks

Indictment of Lebanese Businessman, Tajideen, Points to Bold Methods of Sanctions Enforcement by DoJ and May Trigger Compliance Headaches for Banks

July 14, 2017 By Anna Sayre, Legal Content Writer, SanctionsAlert.com On March 24, 2017, Kassim Tajideen, an international financier and businessman operating a network of businesses in Lebanon and Africa, was charged by the U.S. Department of...

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